AWL Agri Business Ltd

Meeting details

• Dates: 13 Aug 2026 (One-on-One); 14 Aug 2026 (One-on-One and Group).
• Organizer: AWL Agri Business Limited (issuer).
• Purpose: investor/analyst interaction per SEBI listing obligations.

Regulatory update

• FSSAI adjudication on a Fortune Fryola sample; not a safety issue.
• No certified copy of the adjudication order has been received yet.
• Matter relates to declared vitamins A and D levels in the sample.
• AWL maintains compliance with all applicable FSSAI requirements across sourcing, refining, QC.
• Company will review the order upon receipt and pursue legal remedies as appropriate.
• Article has no material impact on financial position or business operations.

Meeting Details

• Date: 30 July 2026
• Meeting type/mode: Analysts/Investors call; audio recording available

Participants

• Management representatives participated in the unaudited results discussion

Purpose

• Discuss unaudited standalone and consolidated results for quarter ended 30 June 2026

Additional Notes

• Recording of the call is available (no link included)

CFO Appointment

• Appointment of Pankaj Goyal as Chief Financial Officer, effective 31 July 2026; previously Interim CFO.

Business Overview

• Core segments are Edible Oil, Food & FMCG, and Industry Essentials.
• Margin-based disclosures introduced for Food & FMCG; Edible Oils and Industry Essentials tracked per-ton.
• Strategic expansion includes Madhur brand to grow packaged sugar and distribution.

Operational Highlights

• Q1FY27 revenue ₹20,048 Cr; YoY growth 18%; EBITDA ₹693 Cr; margin 6%.
• Food & FMCG revenue ₹1,726 Cr; YoY growth 22%; EBITDA ₹104 Cr; margin 6%.
• Edible Oil revenue ₹15,465 Cr; volume 0.98 MMT; EBITDA ₹492 Cr; EBITDA per ton ₹5,030.
• Industry Essentials revenue ₹2,857 Cr; volume 0.41 MMT; EBITDA ₹176 Cr; EBITDA per ton ₹4,349.
• Alternate Channels grew >25% YoY; E-commerce and Quick Commerce led growth.
• Madhur addition strengthens AWL's sugar packaging and distribution capabilities.
• Underlying Volume Growth 18% YoY across Food & FMCG.

Financial Performance

• Consolidated revenue ₹20,048 Cr; QoQ -7%; YoY +18%.
• PBT ₹478 Cr; PAT ₹351 Cr; YoY growth solid.
• EBITDA (incl. Other Income) ₹762 Cr; EBITDA (excl. OI) ₹693 Cr.
• Normalised EBITDA ₹693 Cr; Normalised Gross Profit ₹2,134 Cr.
• Edible Oil segment EBITDA ₹492 Cr; Industry Essentials EBITDA ₹176 Cr; Food & FMCG EBITDA ₹104 Cr.
• EBITDA per MT (incl. OI) ₹4,462; EBITDA per MT (excl. OI) ₹4,060.
• PBT before unallocable items ₹527 Cr; Net PBT ₹478 Cr.

Capital Structure & Liquidity

• Total capital employed across segments ₹19,314 Cr.
• Fixed assets total ₹6,161 Cr; Net Working Capital ₹12,820 Cr.

Strategic Priorities & Outlook

• Growth drivers include branded Food & FMCG scale and Madhur sugar portfolio.
• Food business expected to reach 25%+ ROCE; company target 20-25% ROCE as it matures.
• Portfolio expansion includes health-focused and convenience products.

Risks & Mitigation

• Sea freight costs elevated; current levels ~50% above pre-war.
• El Niño/rainfall deficit risk could affect rural demand.
• Mitigation: pricing discipline, premiumization, and channel diversification.

Governance & Leadership

• Company renamed to AWL Agri Business Limited (from Adani Wilmar Limited).
• Madhur addition signals strategic leadership in expanding packaged sugar.

Financial highlights

• Consolidated revenue INR 20,048 Crore, up 18% YoY.
• Underlying Volume Growth 7% YoY.
• Operating EBITDA INR 693 Crore, up 34% YoY.
• PAT INR 351 Crore, up 48% YoY.

Segment performance

• Food & FMCG revenue INR 1,726 Crore, up 22%; EBITDA over INR 100 Crore.
• Edible Oils: volume growth 2% YoY with robust profitability.
• Industry Essentials revenue up 28% YoY; oleochemicals growth double-digit.
• GD Foods revenue up 23% YoY; Omkar Chemicals up 41% YoY.
• Rice grew >40% YoY; fastest-growing category.
• Branded Exports volumes doubled in the quarter.
• Alternate Channels revenue crossed INR 5,600 Crore LTM.
• Quick Commerce grew 56% YoY.
• HoReCa grew 30% YoY.

Operational developments

• Oleochemicals capacity expansion in Southern India underway.
• Expansion to strengthen value-added product portfolio and growth.
• Distribution network expanded: direct retail >100,000 outlets YoY; rural towns >63,000.

Outlook & strategy

• Management expects to sustain growth momentum and create long-term value.
• Priorities: strengthen food portfolio, improve distribution productivity, scale future-ready channels.

Financial results approved

• Board approved unaudited standalone and consolidated results for quarter ended June 30, 2026.
• Consolidated revenue from operations Rs 20,048.14 crore; PBT Rs 478.48 crore.
• Standalone revenue from operations Rs 19,170.30 crore; PBT Rs 446.13 crore.
• Regulation 33 compliance; Limited Review Reports enclosed.

Auditor reviews and disclosures

• Independent auditor reviews by SR BC & CO LLP and SR C&CO LLP; no audit opinion.
• Annexure 1 lists consolidation entities: 7 subsidiaries, 4 joint ventures, 1 associate.
• Overseas subsidiaries form part of the group and are disclosed.

Consolidation scope and segment highlights

• Consolidated results cover Edible Oil, Food & FMCG, and Industry Essentials segments.
• Note: Segment data are as of June 30, 2026 and March 31, 2026.

Derivative exposure and other notes

• Net impact of commodity derivatives for the quarter: Rs 67.29 crore.
• ESOP Trust treated as extension; treasury shares; EPS adjustments.
• Past service cost recognized in prior year; no further impact in Q1 FY2026-27.